The CEFC Investment Mandate requires the Board to make available up to $500 million through the
Powering Australia Technology Fund (PATF) for investments in climate tech opportunities.
This includes supporting the growth or expansion of eligible projects, businesses and/or entities to facilitate the development, commercialisation or take up of clean energy technologies.
PATF investment approach
The Australian climate solution innovation ecosystem is richly diversified across many technologies, industry sectors and stages of development. Through the Powering Australia Technology Fund the CEFC has the capacity to invest:
Directly in Australian climate tech businesses that are driving the development, commercialisation and/or take up of clean energy technologies with the potential to accelerate Australia’s transition to net zero emissions by 2050
Indirectly, via funds managed by private equity, venture capital and other specialist fund managers that invest in Australian climate tech businesses that are driving the development, commercialisation or take up of clean energy technologies.
The CEFC has appointed Virescent Ventures, Australia’s largest and most active dedicated climate tech venture capital fund manager, to manage some PATF investments on its behalf.
PATF Funds Program
Through the PATF Funds Program, the CEFC is working to identify additional investment opportunities in suitable climate tech focused funds. The objectives of the PATF Funds Program are to:
Encourage flows of investment capital into the climate tech sector
Develop and scale new technologies which have a credible emissions reduction pathway
Generate investment returns commensurate with risk
Catalyse a broader climate tech financing support industry.
Investment fund managers possessing an appropriate Australian Financial Services Licence are invited to express interest in the program.
Energy Locals brings renewable energy to multi-tenant buildings
This investment will help put more renewable energy into the hands of more Australians. It targets a section of the community which has previously struggled to share in the benefits of renewable energy generation and storage and empowers them to lower their carbon emissions and energy use.
Team Global Express accelerates fleet electrification
As a key industry player in this sector, the leadership demonstrated by Team Global Express to decarbonise its business has the potential to significantly accelerate the uptake of electric trucks in Australia, setting an example for other freight, logistics and fleet businesses to support the take up of battery electric vehicles.
Efficient hydrogen fuel cells make inroads on long-haul emissions
We believe this is the direction needed to accelerate Australia’s transition toward more sustainable economic activity. We look forward to working with the CEFC on further developing and refining our emission reduction strategies that target long-term positive impact.
Rob Koczkar
Co-founder and Managing Director, Adamantem Capital
Renewable Metals has cheaper, cleaner battery recycling in its sights
To decarbonise quickly, the world needs cost-effective recycling solutions that maximise recovery for all types of lithium batteries (not just higher value ones with nickel and cobalt).
Global potential for Xefco textile efficiency process
It’s clear that there is a significant global need for the textiles industry to step up to reduce emissions and polluting practices. Xefco’s technology is a great Australian innovation that enables manufacturers to take the lead in sustainability, cut their carbon footprint and promote a circular economy.
